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Posted on Aug 25, 2024

Project L costs $ 4 5 , 4 8 5 . 7 4 , its expected cash inflows are $ 1 1 , 0 0

Project L costs $

45, 485.74,

its expected cash inflows are $

11, 000

per year for

8

years, and its WACC is

11 % .

What is the project's IRR? Round your answer to two decimal places.

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